Import tariffs tend to disproportionately hit low-income households, the World Trade Organization said in a report on Monday, countering what it sees as backlash against open markets and rising protectionism.

WTO Director-General Ngozi Okonjo-Iweala said the 2024 World Trade Report reaffirmed trade's role in reducing poverty and sharing prosperity "contrary to the currently fashionable notion" that trade was creating a more unequal world.

Emerging global trends such as geopolitical tensions, digital revolution and climate change are reshaping the landscape of trade-led development, according to the report. 

(With input from Reuters and Xinhua)